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SD Realtor
ParticipantRaptor Highlands Ranch is a very nice area indeed. I am not sure if it is a little bit too far east of what you want but it is a very nice place. It definitely is out of the way if you will be commuting to say La Jolla or anywhere on the I5 corridor. Yes there were a few homes that burned out there and yes it will get hotter in Highlands Ranch then anywhere you have previously been looking. By the same token, in the springtime when those other areas are shrouded in coastal low clouds it will be clear in Highlands Ranch. I take it you are looking at 13409 Highlands Ranch? As a side note there is and has not been alot of activity there. Seems to me that people pretty much buy there and stay… Given your taste based on the other areas you have been looking, I think you could indeed find a home that you like there, but I am not so sure the locale would suit you.
SD Realtor
ParticipantRaptor Highlands Ranch is a very nice area indeed. I am not sure if it is a little bit too far east of what you want but it is a very nice place. It definitely is out of the way if you will be commuting to say La Jolla or anywhere on the I5 corridor. Yes there were a few homes that burned out there and yes it will get hotter in Highlands Ranch then anywhere you have previously been looking. By the same token, in the springtime when those other areas are shrouded in coastal low clouds it will be clear in Highlands Ranch. I take it you are looking at 13409 Highlands Ranch? As a side note there is and has not been alot of activity there. Seems to me that people pretty much buy there and stay… Given your taste based on the other areas you have been looking, I think you could indeed find a home that you like there, but I am not so sure the locale would suit you.
SD Realtor
ParticipantRaptor Highlands Ranch is a very nice area indeed. I am not sure if it is a little bit too far east of what you want but it is a very nice place. It definitely is out of the way if you will be commuting to say La Jolla or anywhere on the I5 corridor. Yes there were a few homes that burned out there and yes it will get hotter in Highlands Ranch then anywhere you have previously been looking. By the same token, in the springtime when those other areas are shrouded in coastal low clouds it will be clear in Highlands Ranch. I take it you are looking at 13409 Highlands Ranch? As a side note there is and has not been alot of activity there. Seems to me that people pretty much buy there and stay… Given your taste based on the other areas you have been looking, I think you could indeed find a home that you like there, but I am not so sure the locale would suit you.
SD Realtor
ParticipantRaptor Highlands Ranch is a very nice area indeed. I am not sure if it is a little bit too far east of what you want but it is a very nice place. It definitely is out of the way if you will be commuting to say La Jolla or anywhere on the I5 corridor. Yes there were a few homes that burned out there and yes it will get hotter in Highlands Ranch then anywhere you have previously been looking. By the same token, in the springtime when those other areas are shrouded in coastal low clouds it will be clear in Highlands Ranch. I take it you are looking at 13409 Highlands Ranch? As a side note there is and has not been alot of activity there. Seems to me that people pretty much buy there and stay… Given your taste based on the other areas you have been looking, I think you could indeed find a home that you like there, but I am not so sure the locale would suit you.
SD Realtor
April 14, 2008 at 10:08 PM in reply to: Suggestions needed: should we pay Capital Gain tax this year or do 103x? #187290ParticipantJennifer this is a tough one without having a look at all the cards on the table. For instance, many people believe that a balanced portfolio is a cornerstone for investing. A mix of securities, perhaps bonds as well, some real estate, etc… So your question is one that is very narrow but the answer could depend on alot of other factors including your overall strategy. Will your tax bracket be the same in 10 or 20 years as it is now? It sounds like you already sold the property? Had you already identified the 1031 property you want to exchange into? Is the money with an accomodator? My point is that if you have already done the sale but have not stored the money with an accomodator then the decision is already made, you must take the tax gain.
The other issue at hand is what would your 1031 strategy be? Are you looking at buying a single family home? a condo? multiple properties? Would you be looking for appreciation or income?
There are way to many questions to give you a qualified answer. Without knowing all the factors involved my advice would be to listen to your CPA. Sounds like he has been doing a good job these many years especially if you are in the highest tax bracket.
April 14, 2008 at 10:08 PM in reply to: Suggestions needed: should we pay Capital Gain tax this year or do 103x? #187310ParticipantJennifer this is a tough one without having a look at all the cards on the table. For instance, many people believe that a balanced portfolio is a cornerstone for investing. A mix of securities, perhaps bonds as well, some real estate, etc… So your question is one that is very narrow but the answer could depend on alot of other factors including your overall strategy. Will your tax bracket be the same in 10 or 20 years as it is now? It sounds like you already sold the property? Had you already identified the 1031 property you want to exchange into? Is the money with an accomodator? My point is that if you have already done the sale but have not stored the money with an accomodator then the decision is already made, you must take the tax gain.
The other issue at hand is what would your 1031 strategy be? Are you looking at buying a single family home? a condo? multiple properties? Would you be looking for appreciation or income?
There are way to many questions to give you a qualified answer. Without knowing all the factors involved my advice would be to listen to your CPA. Sounds like he has been doing a good job these many years especially if you are in the highest tax bracket.
April 14, 2008 at 10:08 PM in reply to: Suggestions needed: should we pay Capital Gain tax this year or do 103x? #187341ParticipantJennifer this is a tough one without having a look at all the cards on the table. For instance, many people believe that a balanced portfolio is a cornerstone for investing. A mix of securities, perhaps bonds as well, some real estate, etc… So your question is one that is very narrow but the answer could depend on alot of other factors including your overall strategy. Will your tax bracket be the same in 10 or 20 years as it is now? It sounds like you already sold the property? Had you already identified the 1031 property you want to exchange into? Is the money with an accomodator? My point is that if you have already done the sale but have not stored the money with an accomodator then the decision is already made, you must take the tax gain.
The other issue at hand is what would your 1031 strategy be? Are you looking at buying a single family home? a condo? multiple properties? Would you be looking for appreciation or income?
There are way to many questions to give you a qualified answer. Without knowing all the factors involved my advice would be to listen to your CPA. Sounds like he has been doing a good job these many years especially if you are in the highest tax bracket.
April 14, 2008 at 10:08 PM in reply to: Suggestions needed: should we pay Capital Gain tax this year or do 103x? #187348ParticipantJennifer this is a tough one without having a look at all the cards on the table. For instance, many people believe that a balanced portfolio is a cornerstone for investing. A mix of securities, perhaps bonds as well, some real estate, etc… So your question is one that is very narrow but the answer could depend on alot of other factors including your overall strategy. Will your tax bracket be the same in 10 or 20 years as it is now? It sounds like you already sold the property? Had you already identified the 1031 property you want to exchange into? Is the money with an accomodator? My point is that if you have already done the sale but have not stored the money with an accomodator then the decision is already made, you must take the tax gain.
The other issue at hand is what would your 1031 strategy be? Are you looking at buying a single family home? a condo? multiple properties? Would you be looking for appreciation or income?
There are way to many questions to give you a qualified answer. Without knowing all the factors involved my advice would be to listen to your CPA. Sounds like he has been doing a good job these many years especially if you are in the highest tax bracket.
April 14, 2008 at 10:08 PM in reply to: Suggestions needed: should we pay Capital Gain tax this year or do 103x? #187355ParticipantJennifer this is a tough one without having a look at all the cards on the table. For instance, many people believe that a balanced portfolio is a cornerstone for investing. A mix of securities, perhaps bonds as well, some real estate, etc… So your question is one that is very narrow but the answer could depend on alot of other factors including your overall strategy. Will your tax bracket be the same in 10 or 20 years as it is now? It sounds like you already sold the property? Had you already identified the 1031 property you want to exchange into? Is the money with an accomodator? My point is that if you have already done the sale but have not stored the money with an accomodator then the decision is already made, you must take the tax gain.
The other issue at hand is what would your 1031 strategy be? Are you looking at buying a single family home? a condo? multiple properties? Would you be looking for appreciation or income?
There are way to many questions to give you a qualified answer. Without knowing all the factors involved my advice would be to listen to your CPA. Sounds like he has been doing a good job these many years especially if you are in the highest tax bracket.
ParticipantYour rental contract is between you and the landlord. Unless you have seen to it that there are special provisions regarding the event of a foreclosure, there is most likely not much you can do. I would start off by looking for another place to live. Some here may advise you to do things like squat or stop paying rent, etc… That is a personal decision for you. Perhaps it is wise to talk to attorney on this one. Again, let me repeat, when you signed the lease it was between you and the landlord, not you and the lender. If you stop paying rent then the landlord will have whatever recourse any landlord would have. Once your original lease reached the expiration period you then converted to a month to month lease but are still bound by the same provisions regarding rent payments, etc…
As far as confronting him, there certainly is no harm. Simply ask him what he plans to do as the foreclosure moves along. I wouldn’t trust what he says, but you can certainly ask.
SD Realtor
ParticipantYour rental contract is between you and the landlord. Unless you have seen to it that there are special provisions regarding the event of a foreclosure, there is most likely not much you can do. I would start off by looking for another place to live. Some here may advise you to do things like squat or stop paying rent, etc… That is a personal decision for you. Perhaps it is wise to talk to attorney on this one. Again, let me repeat, when you signed the lease it was between you and the landlord, not you and the lender. If you stop paying rent then the landlord will have whatever recourse any landlord would have. Once your original lease reached the expiration period you then converted to a month to month lease but are still bound by the same provisions regarding rent payments, etc…
As far as confronting him, there certainly is no harm. Simply ask him what he plans to do as the foreclosure moves along. I wouldn’t trust what he says, but you can certainly ask.
SD Realtor
ParticipantYour rental contract is between you and the landlord. Unless you have seen to it that there are special provisions regarding the event of a foreclosure, there is most likely not much you can do. I would start off by looking for another place to live. Some here may advise you to do things like squat or stop paying rent, etc… That is a personal decision for you. Perhaps it is wise to talk to attorney on this one. Again, let me repeat, when you signed the lease it was between you and the landlord, not you and the lender. If you stop paying rent then the landlord will have whatever recourse any landlord would have. Once your original lease reached the expiration period you then converted to a month to month lease but are still bound by the same provisions regarding rent payments, etc…
As far as confronting him, there certainly is no harm. Simply ask him what he plans to do as the foreclosure moves along. I wouldn’t trust what he says, but you can certainly ask.
SD Realtor
ParticipantYour rental contract is between you and the landlord. Unless you have seen to it that there are special provisions regarding the event of a foreclosure, there is most likely not much you can do. I would start off by looking for another place to live. Some here may advise you to do things like squat or stop paying rent, etc… That is a personal decision for you. Perhaps it is wise to talk to attorney on this one. Again, let me repeat, when you signed the lease it was between you and the landlord, not you and the lender. If you stop paying rent then the landlord will have whatever recourse any landlord would have. Once your original lease reached the expiration period you then converted to a month to month lease but are still bound by the same provisions regarding rent payments, etc…
As far as confronting him, there certainly is no harm. Simply ask him what he plans to do as the foreclosure moves along. I wouldn’t trust what he says, but you can certainly ask.
SD Realtor
ParticipantYour rental contract is between you and the landlord. Unless you have seen to it that there are special provisions regarding the event of a foreclosure, there is most likely not much you can do. I would start off by looking for another place to live. Some here may advise you to do things like squat or stop paying rent, etc… That is a personal decision for you. Perhaps it is wise to talk to attorney on this one. Again, let me repeat, when you signed the lease it was between you and the landlord, not you and the lender. If you stop paying rent then the landlord will have whatever recourse any landlord would have. Once your original lease reached the expiration period you then converted to a month to month lease but are still bound by the same provisions regarding rent payments, etc…
As far as confronting him, there certainly is no harm. Simply ask him what he plans to do as the foreclosure moves along. I wouldn’t trust what he says, but you can certainly ask.
SD Realtor
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